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Eurasian Natural Resources Cor Receives Hold Rating from Deutsche Bank (ENRC)

  • Wednesday, October 9, 2013
  • Source:

  • Keywords:ferrochrome
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[ferro-alloys.com] (LON:ENRC)‘s stock had its “hold” rating restated by Deutsche Bank in a research note issued on Tuesday, AnalystRatings.NET reports. They currently have a GBX 230 ($3.69) price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 5.50% from the stock’s previous close.
 
ENRC has been the subject of a number of other recent research reports. Analysts at Macquarie reiterated a “neutral” rating on shares of Eurasian Natural Resources Cor in a research note to investors on Thursday, September 26th. They now have a GBX 230 ($3.69) price target on the stock. Separately, analysts at RBC Capital reiterated an “underperform” rating on shares of Eurasian Natural Resources Cor in a research note to investors on Tuesday, September 24th. They now have a GBX 250 ($4.01) price target on the stock. Finally, analysts at RBC Capital reiterated an “underperform” rating on shares of Eurasian Natural Resources Cor in a research note to investors on Monday, September 16th. They now have a GBX 250 ($4.01) price target on the stock. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Eurasian Natural Resources Cor currently has a consensus rating of “Hold” and a consensus price target of GBX 337.54 ($5.42).
 
Eurasian Natural Resources Cor (LON:ENRC) opened at 217.00 on Tuesday. Eurasian Natural Resources Cor has a one year low of GBX 199.40 and a one year high of GBX 423.20. The stock has a 50-day moving average of GBX 224.6 and a 200-day moving average of GBX 248.6. The company’s market cap is £2.794 billion.
 
Eurasian Natural Resources Corporation PLC is a diversified natural resources company. The Company operates in six segments: Ferroalloys comprises the extraction and sale of chrome ore, and production of ferroalloys; Iron Ore comprises exploration, extraction, processing and manufacturing of iron ore products; Alumina and Aluminium comprises extraction and processing of bauxite and limestone, and smelting of alumina and aluminum; Other Non-ferrous comprises the exploration and extraction, processing and manufacturing of copper and cobalt products, and the exploration of other minerals in Africa; Energy comprises coal mining and power generation, and Logistics is a freight forwarder and railroad operator.
 
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